D?Amour Native Bags
With a loan of EUR 2,800 Noel is able to expand his product offering to accommodate the rising demand
Proiectul
DAmour Native Bags & Souvenir Shop was established in 2005. It is engaged in buy and sell of accessories which are all Filipino handmade. It is located in the beautiful island of Boracay, which is known to be one of the top destinations for those who wanted to go on a vacation. Most of the tourist here comes from different countries which are much interested with unique items, that they offer. It is solely owned by Noel Amor. His wife assists him in the daily operation and business transactions.
At present, the company employs a total of four workers, all female. He gives them commission depending on the daily sales, as well as bonuses and mandated benefits including 13th month pay, Philippine health and Social Security System (SSS) remitted to respective government agencies, aside from the usual compensation they receive. Because of the high-demand in the market, Noel will be purchasing additional products for display and sale in his store, which are bags made-out of sea shells and different kinds of hats.
He will be needing additional working capital loan to purchase extra materials. Lendahand and local partner NPFC, will be providing this loan to Noel. To be repaid in 12 months.
NPFC
Impact
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